Alphaxioms Geothermal News and Related Research Globally

Unearthing the Future: Zanskar Raises $30 Million to Revolutionize Geothermal Energy By: Robert Buluma In a world teetering on the brink of an energy crisis, where the demand for power surges with the relentless march of technology, one company stands poised to reshape the landscape of sustainable energy.  Geothermal & Minerals, the vanguard of geothermal exploration, has just announced a monumental achievement - the closing of a staggering $30 million in new funding, a feat that promises to propel the discovery of geothermal energy into uncharted territories. Led by Obvious Ventures, this groundbreaking round of funding signals a watershed moment for the renewable energy sector. With stalwart support from previous investors like Munich Re Ventures and Union Square Ventures, as well as fresh contributions from Clearvision Ventures,  Zanskar embarks on a mission to harness the power of geothermal energy on an unprecedented scale. But what exactly makes geothermal energy so pivotal

Regional Geothermal Research Project GIGA-M: A Step Towards Sustainable Energy Supply in Munich and Surroundings By  Robert Buluma A significant step towards a sustainable energy future is being taken in Munich and the surrounding district. A broad coalition of stakeholders is working together to advance the use of deep geothermal energy. The goal is to quickly and sustainably tap into the heat energy in the underground through a variety of new projects. This is to be done based on an optimized joint use of the thermal water reservoir in the Greater Munich area. An essential basis for this endeavor is an extensive seismic measurement campaign to be carried out as part of the GIGA-M research project. The funding decision from the Federal Ministry of Economics and Climate Protection is now available, and the project can officially begin. Over a period of four years, it aims to prepare the region for a transition to a climate-neutral, secure, and affordable heat supply. Under the leadersh